Anthropic rejects an IPO delay, launches its IPO roadshow this week, with a valuation of $1.2 trillion to $1.3 trillion.

Leading AI lab Anthropic will launch its initial public offering (IPO) roadshow this week. Potential buyers are discussing a valuation range of $1.2 trillion to $1.3 trillion, with some investors even eyeing a low of $1.1 trillion. Earlier market expectations had been as high as $2 trillion, and before Thursday’s U.S. stock market plunge, the reasonable valuation forecast stood at around $1.4 trillion to $1.5 trillion. Valuation expectations have been significantly lowered due to factors including the Democratic Party’s sweep of Congress and external expectations of stricter government scrutiny of data center expansions. However, Anthropic has not opted to delay, and is proceeding with its IPO as planned. Meanwhile, Anthropic is accelerating its energy infrastructure buildout. In late September, the company secured a $3.4 billion procurement commitment for 1.7 gigawatts of heavy-duty gas generators from Texas-based supplier OnePWR Solutions, including the engineering and construction capabilities required for installation, to guarantee power supply for its data centers. Originally, Anthropic only intended to act as a customer, but later took over the equipment OnePWR had previously ordered from Caterpillar. Against the backdrop of valuation pressure and rising regulatory expectations, Anthropic’s decision to launch the roadshow as scheduled demonstrates its firm stance on the IPO timing. If the market only offers a lower valuation, Anthropic will accept it; delaying the IPO would incur costs both in terms of actual capital and reputation.